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Be WELLHello beautiful humans, A 50% retracement presented itself for WELL at the 4.75 level (entry). Ensure we close above the 4.75 level to provide confirmation. Managing risk by risking 1% of the account size (eg. account size: $1000; risk of 1%: $10); may need to adjust this depending on commission costs of trading broker. Placing stop loss / stop limit loss at 4.49 (exit). Looking for the price to bounce off the 50% retracement level (entry), and head up to the 5.50 level (exit), which provides a risk:reward of approx. 1:3. Thanks for listening. Take care. Friendly Remembering: Manage your risk Have a strategy to minimize decision paralysis Practice patience Be patient Enjoy the experience.
TSX:WELLLong
by EmbraceFINCO
Watching BNS for buy confirmationWatching BNS for buy confirmation Waiting is the hardest part. You need patience for most of the best trades. I've been watching this setup for the Bank of Nova Scotia as solid technical elements are lining up. 1D Heiken ashi chart reversal in play ● Doji formed at the bottom of the last downswing ● Positive momentum of both RSI and MACD indicators ● Strong bounce off 200 EMA(Black) and 0.618 Golden ratio Fibonacci level (Dashed yellow) But, i'm waiting for confirmation to open a large swing trade ● Waiting for the 20 EMA (Green) to turn postitive
TSX:BNSLong
by HolleyIG
1
Bullish Flag for TNY?Or, will we see a sharp decline due to a hole in the wall front running leaked financials that are dismaying? And maybe even a good ol Tinley fashioned PP below the trading price to compliment the short-selling pressure of TNYBF and bearish sentiment. I have placed green arrows on the chart to signify fake-outs of the Macro Descending channel and Micro Bull flag or Descending triangle, to be determined in due time. It's possible Tinley is currently in the process of another fake-out in real-time, the CM_ Williams Vix is flashing green, this normally happens before bullish price action. But the sp is currently declining. If Tinley breaks above the 200 DMA and consolidates above the micro-pattern it's a very bullish signal, trade accordingly. Possibly a W Double bottom has occurred, only time will tell if TNY creates another higher low. glta
TLong
by ScotianBot